Market Analysis – MCD and Home Builders
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Steve Cortes on CNBC just said that the European economy is in trouble, so we should avoid those companies which have International Exposure - for Example, McDonalds Corporation (MCD).
Now I am sure MCD is going up and we will make some money.
When he was shorting Financials specially BAC (Bank of America) – it went up.
He was shorting Gold, Silver – these went up.
He also said to short Home Builders.
You can see how that turned out!
I will keep this Housing Index chart in front of me and will check few days or week later to see where it is. It should be up – around 112 – 113 level.
Steve Cortes short everything.
If he can get the opportunity he may even go to Beijing or Mumbai and short the “AIR” saying it is polluted so why not short it.
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